There is a good chance you are reading this article on a device designed and manufactured by one of the world’s biggest tech companies.
None of the biggest tech companies in the world grew overnight. Google was started by its two founders from their dorm room at varsity. Some of them began to operate from their garage at home.
With technology constantly evolving and the brand loyalty the biggest tech companies attract and retain, it’s a challenging industry to break into. The biggest tech companies in the world have managed to maintain their position for some time, and it seems the trend will continue.
The 5 biggest tech companies by market capitalisation
1. Apple Inc. The biggest of the biggest tech companies.
As of 2022, Apple retains its number one position with a market capitalisation of $2.6 trillion.
In 2018 Apple Inc. made history by becoming the first publicly-traded company to reach a market capitalisation of $1 trillion.
Founded by Steve Jobs and Steve Wozniak in 1977, Apple Inc, currently the biggest tech company in the world, went public in 1980.
2. Microsoft
Microsoft’s market capitalisation is currently at $2 trillion.
In a clash of titans, Microsoft and Apple Inc. sway back and forth between who ranks top of the list as the biggest tech company.
Although the second-biggest tech company, Microsoft is the third-largest company globally, trailing behind the Saudi Arabian Oil Company.
According to an article by Investopedia, CEO Satya Nadella has envisioned an adjusted business model for Microsoft. The model focuses on product integration, a freemium software package and an emphasis on its cloud computing business.
3. Alphabet
Transparency has helped this tech giant to continue to grow with a current market capitalisation of $1.5 trillion.
The infamous Google brand and products holding company is the third biggest tech company in the world. Google has many interesting facts, including that its original name was Backrub.
Google transitioned to Alphabet in 2015 to allow the broader scope of its comprehensive product line and to detract from antitrust scrutiny. With the product line spread across Alphabet and not all grouped under Google, the ‘search engine’ the company could build more brand trust through transparency.
4. Amazon
They currently have a market capitalisation of $1.4 trillion.
Imagine earning $8.56m a minute like Jeff Bezos, the founder of Amazon.
Jeff Bezos settled on the name Amazon while skimming through a dictionary. He said that like the Amazon River is the largest in the world, he wanted his site to be the biggest bookstore in the world. Nearly named Cadabra and Relentless, Amazon was founded in 1995, with its mainstream revenue coming from selling books.
Amazon, fourth among the biggest tech companies in the world, now dominates multiple industries like e-commerce, consumer electronics, digital distribution, cloud computing and more.
5. Tesla
The company is now the fifth-biggest tech company in the world, with a market capitalisation of $1 trillion.
Founded by Martin Eberhard and Marc Tarpenning in 2003, South African-born Elon Musk led the Series A funding round by joining the board as chairman and later became CEO.
Tesla was named after the inventor of alternating current, Nikola Tesla. In 2008 Tesla launched their first car called the Tesla Roadster which was the first electric car to use lithium-ion battery cells, now used in most Tesla cars.
